New Books in Economic and Business History

Shipwrecks and the Bounty of the Sea (Oxford University Press, 2022), Dr. David Cressy is a work of social history examining community relationships, law, and seafaring over the long early modern period. It explores the politics of the coastline, the economy of scavenging, and the law of 'wreck of the sea' from the beginning of the reign of Elizabeth I to the end of the reign of George II. England's coastlines were heavily trafficked by naval and commercial shipping, but an unfortunate percentage was cast away or lost.Shipwrecks were disasters for merchants and mariners, but opportunities for shore dwellers. As the proverb said, it was an ill wind that blew nobody any good. Lords of manors, local officials, officers of the Admiralty, and coastal commoners competed for maritime cargoes and the windfall of wreckage, which they regarded as providential godsends or entitlements by right. A varied haul of commodities, wines, furnishings, and bullion came ashore, much of it claimed by the crown. The people engaged in salvaging these wrecks came to be called 'wreckers', and gained a reputation as violent and barbarous plunderers. Close attention to statements of witnesses and reports of survivors shows this image to be largely undeserved. Dramatic evidence from previously unexplored manuscript sources reveals coastal communities in action, collaborating as well as competing, as they harvested the bounty of the sea.This interview was conducted by Dr. Miranda Melcher whose doctoral work focused on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. Learn more about your ad choices. Visit megaphone.fm/adchoices

In The Money Revolution: How to Finance the Next American Century, economist and bestselling author Richard Duncan lays out a farsighted strategy to maximize the United States' unmatched financial and technological potential. In compelling fashion, the author shows that the United States can and should invest in the industries and technologies of the future on an unprecedented scale in order to ignite a new technological revolution that would cement the country’s geopolitical preeminence, greatly enhance human wellbeing, and create unimaginable wealth. This book also features a history of the Federal Reserve.Richard Duncan has served as Global Head of Investment Strategy at ABN AMRO Asset Management in London, worked as a financial sector specialist for the World Bank in Washington, D.C., and headed equity research departments for James Capel Securities and Salomon Brothers in Bangkok, Thailand. He is now the publisher of Macro Watch, a video-newsletter that analyzes the forces driving the global economy in the 21st Century.Caleb Zakarin is the Assistant Editor of the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices

By providing capital to back the ideas and efforts of others, venture capitalists can make absurd amounts of money. But there is another way of looking at it – venture capitalists take huge risks and produce great benefits. Many of the companies we rely on today began with a punt by a venture capitalist. Sebastian Mallaby discusses venture capitalists with Owen Bennett Jones. Mallaby is the author of The Power Law: Venture Capital and the Making of the New Future (Penguin, 2022) among other books. Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press. Learn more about your ad choices. Visit megaphone.fm/adchoices

Writer and design critic Alexandra Lange talks about her book, Meet Me by the Fountain: An Inside History of the Shopping Mall (Bloombury, 2023), with Peoples & Things host, Lee Vinsel. Meet Me by the Fountain is a history of the American shopping mall from its emergence to recent attempts to reinvent and reconceptualize the shells of “dead” shopping centers. Along the way, it details the mall’s many ironies and contradictions and how it became the center and icon of community and culture, especially youth culture, in the late 20th century. Lange and Vinsel also discuss Lange’s larger career and her work as an architecture and design critic.Lee Vinsel is an associate professor in the Department of Science, Technology and Society at Virginia Tech. He studies human life with technology, with particular focus on the relationship between government, business, and technological change. His first book, Moving Violations: Automobiles, Experts, and Regulations in the United States, was published by Johns Hopkins University Press in July 2019. Learn more about your ad choices. Visit megaphone.fm/adchoices

During the late nineteenth century concerns about international commercial rivalry were often expressed in terms of national provision for training and education, and the role of universities in such provision. It was in this context that the modern university discipline of economics emerged. The first undergraduate economics program was inaugurated in Cambridge in 1903; but this was merely a starting point. Constructing Economic Science: The Invention of a Discipline 1850-1950 (Oxford UP, 2022) charts the path through commercial education to the discipline of economics and the creation of an economics curriculum that could then be replicated around the world. Rather than describing this transition epistemologically, as a process of theoretical creation, Keith Tribe shows how the new "science" of economics was primarily an institutional creation of the modern university. He demonstrates how finance, student numbers, curricula, teaching, new media, the demands of employment, and more broadly, the international perception that industrializing economies required a technically-skilled workforce, all played their part in shaping economics as we know it today. This study explains the conditions originally shaping the science of economics, providing in turn a foundation for an understanding of the way in which this new language transformed public policy.Keith Tribe is an economic historian and independent scholar with a long-standing interest in language and translation. He is currently a Senior Research Fellow in History at the University of Tartu and teaches history of economics at the University of Birmingham. He is the author of The Economy of the Word (OUP, 2015).Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature. YouTube channel. Learn more about your ad choices. Visit megaphone.fm/adchoices

Many accounts of the scientific revolution portray it as a time when scientists disciplined knowledge by first disciplining their own behavior. According to these views, scientists such as Francis Bacon produced certain knowledge by pacifying their emotions and concentrating on method. In The Interlopers: Early Stuart Projects and the Undisciplining of Knowledge (Johns Hopkins Press, 2023), Dr. Vera Keller rejects this emphasis on discipline and instead argues that what distinguished early modernity was a navigation away from restraint and toward the violent blending of knowledge from across society and around the globe.Dr. Keller follows early seventeenth-century English "projectors" as they traversed the world, pursuing outrageous entrepreneurial schemes along the way. These interlopers were developing a different culture of knowledge, one that aimed to take advantage of the disorder created by the rise of science and technological advances. They sought to deploy the first submarine in the Indian Ocean, raise silkworms in Virginia, and establish the English slave trade. These projectors developed a culture of extreme risk-taking, uniting global capitalism with martial values of violent conquest. They saw the world as a riskscape of empty spaces, disposable people, and unlimited resources.By analyzing the disasters—as well as a few successes—of the interlopers she studies, Dr. Keller offers a new interpretation of the nature of early modern knowledge itself. While many influential accounts of the period characterize European modernity as a disciplining or civilizing process, The Interlopers argues that early modernity instead entailed a great undisciplining that entangled capitalism, colonialism, and science.This interview was conducted by Dr. Miranda Melcher whose doctoral work focused on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. Learn more about your ad choices. Visit megaphone.fm/adchoices

Lloyd Daniel Barba's book Sowing the Sacred: Mexican Pentecostal Farmworkers in California (Oxford UP, 2022) traces the development of Pentecostalism among Mexican-American migrant laborers in California's agricultural industry from the 1910s to the 1960s. At the time, Pentecostalism was often seen as a distasteful new sect rife with cultish and fanatical tendencies; U.S. growers thought of Mexicans as no more than a mere workforce not fit for citizenship; and industrial agriculture was celebrated for feeding American families while its exploitation of workers went largely ignored. Farmworkers were made out to be culturally vacuous and lacking creative genius, simple laborers caught in a vertiginous cycle of migrant work.This book argues that farmworkers from La Asamblea Apostólica de la Fe en Cristo Jesús carved out a robust socio-religious existence despite these conditions, and in doing so produced a vast record of cultural vibrancy. Examining racialized portrayals of Mexican workers and their religious lives through images created by farmworkers themselves, Sowing the Sacred draws on oral histories, photographs, and materials from new archival collections to tell an intimate story of sacred-space making. In showing how these workers mapped out churches, performed outdoor baptisms in grower-controlled waterways, and built and maintained houses of worship in the fields, this book considers the role that historical memory plays in telling these stories.Joseph Stuart is a scholar of African American history, particularly of the relationship between race, freedom rights, and religion in the twentieth century Black Freedom Movement. Learn more about your ad choices. Visit megaphone.fm/adchoices

Monetary Authorities: Capitalism and Decolonization in the American Colonial Philippines (Duke UP, 2022) investigates the ways in which racial and class hierarchies shaped the monetary policy and banking systems in the Philippines. Combining historical research and normative arguments calling for unconditional decolonization, Allan E. S. Lumba advances a powerful account of how the logics and practices of racial capitalism advanced the United States’ ‘counter-decolonization’ efforts in the Philippines.In this podcast, Lumba shares the book’s back story, his theoretical inspirations that informed his core arguments, and the importance of understanding the global capitalist order from the perspective of postcolonial nations.Allan E. S. Lumba is a Global American Studies postdoctoral fellow at Harvard University's Charles Warren Center and visiting faculty in the Department of History. He has also served as resident fellow at the Newberry Library in Chicago and University of Michigan's Bentley Library. His teaching experience and interests spans across myriad fields, including: Southeast Asian history, Asian American and Ethnic studies, U.S. in the World, and Comparative World history.The open access edition of this book is available here.Like this interview? You may also be interested in: Martin Edwards, The IMF, the WTO & the Politics of Economic Surveillance (Routledge 2018) Jakob Feinig, Moral Economies of Money: Politics and the Monetary Constitution of Society (Stanford University Press 2022) Nicole Curato is a Professor of Sociology in the Centre for Deliberative Democracy and Global Governance at the University of Canberra. She co-hosts the New Books in Southeast Asia Studies channel.This episode was created in collaboration with Erron C. Medina of the Development Studies Program of Ateneo De Manila University and Nicole Anne Revita. Learn more about your ad choices. Visit megaphone.fm/adchoices

J. P. Daughton's In the Forest of No Joy: The Congo-Océan Railroad and the Tragedy of French Colonialism (W. W. Norton, 2021) examines the complex and violent French construction of a line of railroad in Equatorial Africa from the coast inland. Begun in 1921, the Congo-Océan took 13 years to complete and resulted in the deaths of between 15,000 and 23,000 African lives. Daughton's book is a careful account of the brutality, harrowing labor conditions, and deprivation of these thousands of Africans whose very bodies were abused and destroyed in this iteration of the "civilizing mission" and "modernity" in empire.Working through a broad range of archives located in France, Switzerland, the U.S., and the Congo, the book's several chapters outline in visceral detail the individuals and structures involved in making the railroad a reality, from the forced enlistment of African labourers, through the challenges of resistant landscape, the suffering of those physically tasked with its conquest, to the justifying rhetoric of those who championed the  project and the denunciations of those who sought to reveal its atrocious human cost.Key individual architects, company, and government representatives appear throughout these pages along with the powerful forces and voices of the French imperial state. Working with and against the presentation of the project in official documents, Daughton seeks to illuminate the experiences and voices of the African workers who made the railroad a reality. Completed by the 1930s, the Congo-Océan was also a large-scale humanitarian failure. Interested in broader questions of colonial violence and how scholars engage with and respond to that violence, Daughton's narrative and analysis will be accessible to wide range of readers. This, despite the difficult and painful subjects and stories it takes on.Roxanne Panchasi is an Associate Professor of History at Simon Fraser University in Vancouver, Canada who specializes in twentieth and twenty-first century France and empire. She is the founding host of New Books in French Studies, a channel launched in 2013. Learn more about your ad choices. Visit megaphone.fm/adchoices

Since the 1990s, Germany has embarked on a daring campaign to restructure its energy system around renewable power, sparking a global revolution in solar and wind technology. But this pioneering energy transition has been plagued with problems.In Energy and Power: Germany in the Age of Oil, Atoms, and Climate Change (Oxford UP, 2023), Stephen G. Gross explains the deeper origins of the Energiewende--Germany's transition to green energy--and offers the first comprehensive history of German energy and climate policy from World War II to the present. The book follows the Federal Republic as it passed through five energy transitions from the dramatic shift to oil that nearly wiped out the nation's hard coal sector, to the oil shocks and the rise of the Green movement in the 1970s and 1980s, the co-creation of a natural gas infrastructure with Russia, and the transition to renewable power today. He shows how debates over energy profoundly shaped the course of German history and influenced the landmark developments that define modern Europe. As Gross argues, the intense and early politicization of energy led the Federal Republic to diverge from the United States and rethink its fossil economy well before global warming became a public issue, building a green energy system in the name of many social goals. Yet Germany's experience also illustrates the difficulty, the political battles, and the unintended consequences that surround energy transitions.By combining economy theory with a study of interest groups, ideas, and political mobilization, Energy and Power offers a novel explanation for why energy transitions happen. Further, it provides a powerful lens to move beyond conventional debates on Germany's East-West divide, or its postwar engagement with the Holocaust, to explore how this nation has shaped the contemporary world in other important ways.Stephen G. Gross is Associate Professor of History and Director of the Center of European and Mediterranean Studies, New York University.Filippo De Chirico, History and Politics of Energy at Roma Tre University (Italy) Learn more about your ad choices. Visit megaphone.fm/adchoices